Pine River Capital Management’s Rayonier RYN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-12,559	Closed	-$372K	–	806
2014 Q3	$372K	Buy	+12,559	New	+$372K	﹤0.01%	659
2014 Q1	–	Sell	-31,943	Closed	-$956K	–	576
2013 Q4	$956K	Buy	+31,943	New	+$956K	0.01%	352